Qualcomm declined to comment, while Broadcom did not immediately respond to a request for comment.

Since publication Broadcom and Qualcomm have confirmed the offer, with Broadcom disclosing that the bid of $70 a share is made up of $60 cash and $10 in Broadcom shares. CEO Hock Tan last week, saying the company is likely to relocate its headquarters from Singapore to the United States.

The Financial Times is reporting that Broadcom is planning to acquire NXP, as well as Qualcomm.

President Trump Demands Death Sentence for New York Terrorist
But that avenue appeared closed after prosecutors brought terrorism charges against the Uzbek immigrant in federal court in NY . Trump tweeted. "There is also something appropriate about keeping him in the home of the frightful crime he committed".

Broadcom's acquisition would be the most ambitious move by Tan, who has turned a small, scrappy chipmaker into a $100-billion company with a string of deals, since he took the helm a decade ago.

Qualcomm is now trying to close its pending $38-billion acquisition of NXP Semiconductors, a leading supplier of chips for vehicles that is also expanding into self-driving technology, and it is believed that Broadcom is open to acquiring NXP.

Reports claim the merger between Broadcom and Qualcomm would create a company with a market capitalisation of more than $200 billion and would be one of the biggest takeovers in technology sector history. The forward price-to-earnings ratio for Broadcom recently stood at 14.6, slightly above its 13.5 average. In part this might be inspired by Qualcomm's pending release of the Centriq family of processors seeing as how Broadcom cancelled their ARM based server chip development earlier this year.

Broadcom said if the deal is approved, it expected a combined company to have revenues of about $51 billion.

Comments

Latest Posts

Mueller has enough evidence to charge Michael Flynn
Mueller is increasing pressure on Flynn following his indictment of Trump campaign manager Paul Manafort , NBC News said . Flynn was paid more than $500,000 previous year for work that benefited Turkey, according to the Justice Department.

EPL Fixtures: West Ham v Liverpool
Jurgen Klopp has confirmed that Sadio Mane could feature for Liverpool in their Premier League clash with West Ham on Saturday. They know, however, that defeat will further harm their chances of securing Champions League football for next season.

Boston Celtics Putting the League on Notice
The Celtics' defense clamped down during the third stanza, as Oklahoma City struggled to get quality looks at the hoop. Kyrie Irving was the star of the show as he took over in the second half and inspired the Celtics to the victory.

2 dead, 1 injured in shooting at Colorado Walmart, police say
Thornton police say 47-year-old Scott Ostrem was arrested Thursday morning, about 14 hours after he fled the store in a vehicle . Almost 50 witnesses were reportedly taken to a nearby police station in the wake of the shooting before being released.

Liberia's presidential run-off has been postponed indefinitely
The Weah-Boakai runoff was triggered after no single candidate gained more than 50 percent of votes, though Weah topped the poll. Boakai is accusing the president of interfering in the October election by holding private meetings with election magistrates.

TEXAS HORROR: Two-year-old toddler among at least 27 dead
Police have confirmed the man who opened fire is now dead following a short pursuit and said there were "multiple victims". Sutherland Springs is a community of about 400 people 30 miles (48 kilometers) southeast of San Antonio.

Change your batteries when you change your clock
No one was at home at the time of fire and the residence had working smoke alarms, according to the fire department. Carbon monoxide detectors can be purchased for under $20 and are available at hardware stores and other retailers.

8 teams that aren't dead yet — College Football Playoff
Hocutt also praised the overall resumes for Notre Dame and Clemson, which each have multiple wins over teams in the rankings. As of week 10, some teams have continued their dominance while others, such as Penn State have been handed their first loss.

Congress leaders want to keep off Himachal: Modi
Addressing an election rally in Himachal Pradesh's Palampur, PM Modi said that "corruption is the only identity of Congress ". Modi has been on the campaigning trail for a few days and has taken shots at Congress repeatedly, and directly.